John Stanley, CCIM has represented the Owner in the sale of an existing office building located at 1100 Emory Folmar Blvd., Montgomery, AL.  The building consists of ± 11,075 S.F. located on ± 1.97 acres.  The Buyer is Cook’s Properties, LLC.  The sales price was $545,000 ($49.21/S.F.).

John Stanley, CCIM has represented CP Properties, LLC in leasing ± 4,593 RSF of office space located at 6925 Halcyon Park Dr., Montgomery, AL.  The tenant is an investment banking firm.  The terms of the lease are undisclosed.

John Stanley, CCIM has represented FP-VG1, LLC and FP-VG2, LLC in the sale of the Village Green Apartments located at 101 So. Burbank Dr., Montgomery, AL.  The property consists of 337 multi-family units on 27.25 acres of land.  The Seller was Village Green, LLC.  The sales price was $11,275,000.00 ($33,450/unit).

Lee Meriwether, CCIM currently represented the Alabama Department of Transportation in the purchase of ± 24 Acres located along Hwy 280 in Lee County, Alabama.  The terms of the sale are undisclosed.

John Stanley, CCIM has represented Mitylene Development, Inc. in the sale of an office lot located on Mitylene Park Lane, Montgomery, AL.  The lot will be developed in conjunction with two (2) other lots previously purchased by Dr. Ashley McIntyre for his medical office building currently under construction for East Montgomery Christian Family Medicine.  The sales price was $135,613.26 ($7.125/S.F.).

Nim Frazer, SIOR has represented Sterling Bank in the sale of an office/warehouse property located at 4285 Alatex Road, Montgomery, AL.  The property consists of a ± 16,000 S.F. building (± 2,476 S.F. office/showroom and ± 13,524 S.F. warehouse) located on ± 5.07 acres.  The Buyer was Logis Tech, L.L.C.  The sales price was $375,000.00.

Lee Meriwether, CCIM has recently represented Sykes Enterprises, Inc. in the negotiation of a long term lease for ± 48,181 S.F of Class A office space located at 201 Technacenter Drive.  The space will be used for a new call center and could employ up to 500 new jobs in Montgomery.  The terms of the lease are undisclosed.

John Stanley, CCIM has represented the Alabama Banker’s Association in leasing ± 8,795 RSF of Class A office space in the RSA Dexter Avenue Building, 445 Dexter Ave., Montgomery, AL.  The terms of the lease are undisclosed.

Lee Meriwether, CCIM has represented Coastal Beach Investments, LLC in the lease of ± 6,300 S.F. of office space located at 9532 Wynlakes Place, Montgomery, AL.  The tenant is Specialized Alternatives for Families and Youth of Alabama, Inc.  The terms of the lease are undisclosed.

John Stanley, CCIM has represented Arthur E. Marxer, et al. in the sale of 229.9 acres located at 6350 Mobile Hwy. (U.S. Hwy. 31) to The Water Works and Sanitary Sewer Board of the City of Montgomery.  The property is zoned  M-3.  The sales price was $688,000 ($3,000/Ac.).